Systematic Financial Management LP Sells 1,159,560 Shares of AECOM (ACM)
Systematic Financial Management LP cut its stake in AECOM (NYSE:ACM) by 95.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,390 shares of the construction company’s stock after selling 1,159,560 shares during the quarter. Systematic Financial Management LP’s holdings in AECOM were worth $1,597,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of AECOM by 0.7% in the second quarter. Wells Fargo & Company MN now owns 315,354 shares of the construction company’s stock valued at $10,195,000 after purchasing an additional 2,264 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of AECOM by 210.0% in the second quarter. Commonwealth Bank of Australia now owns 12,400 shares of the construction company’s stock valued at $400,000 after purchasing an additional 8,400 shares in the last quarter. Freestone Capital Holdings LLC grew its position in shares of AECOM by 6.0% in the second quarter. Freestone Capital Holdings LLC now owns 30,876 shares of the construction company’s stock valued at $998,000 after purchasing an additional 1,746 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of AECOM in the second quarter valued at $12,098,000. Finally, JPMorgan Chase & Co. grew its position in shares of AECOM by 53.7% in the second quarter. JPMorgan Chase & Co. now owns 401,338 shares of the construction company’s stock valued at $12,975,000 after purchasing an additional 140,274 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.
AECOM (ACM) opened at 33.94 on Monday. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The stock has a market capitalization of $5.32 billion, a PE ratio of 20.78 and a beta of 1.70. The company’s 50-day moving average price is $32.29 and its 200 day moving average price is $33.26.
AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.78. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Equities analysts forecast that AECOM will post $2.91 EPS for the current fiscal year.
Several equities analysts have recently weighed in on ACM shares. Argus reduced their price target on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, June 2nd. BidaskClub cut AECOM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. UBS AG set a $38.00 price target on AECOM and gave the company a “buy” rating in a research report on Monday, June 26th. Credit Suisse Group reiterated a “buy” rating and issued a $44.00 price target on shares of AECOM in a research report on Thursday, June 29th. Finally, Robert W. Baird cut AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price target for the company. in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. AECOM has a consensus rating of “Hold” and an average price target of $38.45.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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